this post was submitted on 15 Sep 2024
15 points (100.0% liked)
Politics
10178 readers
145 users here now
In-depth political discussion from around the world; if it's a political happening, you can post it here.
Guidelines for submissions:
- Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
- Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
- Do not post ragebait or shock stories. These will be removed.
- Do not post tabloid or blogspam stories. These will be removed.
- Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What seems to be lost on most, is that money has been coming "out of thin air" for close to a century already. The problem is that every time less money gets destroyed than created, it dilutes the worth of the total... and people who still think in terms of gold nuggets, are completely unprepared to propose anything that would make sense.
Gen Beta might have more of a grasp on things.
That assumes we educate gen beta, with no time, money, resources, or fucking example to go off. So yeah, don't hold your breath that a magic future generation will both A understand the economic climate that professional economists struggle to explain, and B have a willingness to help poor people once you are in the "I'm so smart and handsome and God even loves me more than anyone poor" pipeline they shove you down.